posted
Nothin funny about it. I was up 7 grand at .023 and I'm DOWN $1,025 at .0125
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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posted
well, I think we are all down now, I should of sold at .023 too, but like I said waiting for merger news.. and if I want to laugh about how much I am down I will. but I believe this will rebound shortley and I will take some nice profit..
Posts: 572 | From: usa | Registered: Aug 2006
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posted
that sucks market, hate to hear that.. i took some profits at .018, but only sold half then. i was worried this was gonna happen, a lot of people front run with this type of stuff, then take quick profits. this has been used and abused a little lately and mm's are correcting. its worth more than it is right now if its a clean shell. I hate the chart, but if we get some news, then it will rebound, ask is thinning out again.. stay tuned.
jmho
quote:Originally posted by Love the Market: Nothin funny about it. I was up 7 grand at .023 and I'm DOWN $1,025 at .0125
posted
Looks like this went from .008 to a high of .023 on almost 22M in volume. It's now retraced almost 50% from the high on only 8M. Initial profit taking about over? Could be trying to form a base here around .012 until news. Ask looks a little thin. Maybe a late Friday run in anticipation of possible news next week?
Posts: 215 | From: MA | Registered: Dec 2003
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posted
I'm leaving in a little while to go to Orlando for the weekend. Hope there's at least a dead cat bounce soon! Looks like all interest is gone. If we don't get a PR by the end of the month - we'll be back to sub-penny before we can say "MEOW"!
Have a nice weekend gang!
Steve
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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posted
If we DON'T get a merger-done PR by Thursday, I wouldn't panic. These dates were "hopeful-approximates" back in Sept. and in the 10Q in Nov.
Even if everything is on track - things can take much longer than expected, and it's not anyone's fault- it just happens. And if that's the case, and we ARE moving forward, I don't even know if Sean can legally issue even an 'update' PR, due to 'quiet period' rules of the SEC. Does anyone know the correct answer to that?
Thanks and Good Luck!
Steve
PS: Damn - every time I log on here that: ".11 and over" thread hits my right in the face !!! Maybe sooner than later....
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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posted
Has anyone considered the possibility that Sean makes a killing selling stock to people like us everytime he announces a new 'Letter of Intent' to merger? And that he has zero intention of actually closing one of these deals?
I hope this is not the case since I'm in this too, but it seems plausible especially since this is the third time (that I could find) that they have announced a LOI.
Posts: 7 | Registered: Jan 2004
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posted
someone had mentioned that the 2nd loi w/ daytona brands was mutually agreed by both parties to back out of , something about daytona's financials not really being that good. but after being a bag holder of cshd I think anything is possible.
Posts: 572 | From: usa | Registered: Aug 2006
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posted
Today's volume was miniscule. Up 15% on almost nothing - liked they walked us down last week on very little volume......
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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posted
Nothing new here that probably hasn't been covered already but just going over a few things while waiting since there were high expectations for something by the end of January.
1. On 5/18/06 a def. merger agreement with Daytona Brands is announced.
2. The 10Q of 5/19/06 states: During the last quarter of 2005 we entered into a letter of intent with Daytona Brands to acquire that corporation in a reverse merger.
I'm not sure when the pr for the LOI was released but being sometime in 2005 Q4, it took 5 to 7 months before the merger agreement was announced.
3. UVCL pr's a LOI with Pure Romance on 9/14/06
The last 10Q on 11/15/06 did say they expect to enter a def. merger agreement by the end of the month, but applying the same time frame of 5 to 7 months before the Daytona def. merger agreement was announced, a February or March announcement would not be unusual. I have no idea why they thought an agreement would be reached by the end of November (2 months after the LOI) but based on the length of time it took for the Daytona agreement, the process is obviously tedious and slow.
Posts: 215 | From: MA | Registered: Dec 2003
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posted
WOW, 3 pages back, hopefully news soon, then we can keep this on page 1 at the top..
Posts: 572 | From: usa | Registered: Aug 2006
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posted
I called pure romance on friday and the secretary picked up and I asked if the merge was going to go through soon (tried to catch her off gaurd) she said she was not sure but would direct me to the person that was in charge of it, but only got a voicemail..
seemed positive to me, she knew what I was talking about. patience.. FWIW and IMO
Posts: 572 | From: usa | Registered: Aug 2006
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quote:Originally posted by j160e: Nothing new here that probably hasn't been covered already but just going over a few things while waiting since there were high expectations for something by the end of January.
1. On 5/18/06 a def. merger agreement with Daytona Brands is announced.
2. The 10Q of 5/19/06 states: During the last quarter of 2005 we entered into a letter of intent with Daytona Brands to acquire that corporation in a reverse merger.
I'm not sure when the pr for the LOI was released but being sometime in 2005 Q4, it took 5 to 7 months before the merger agreement was announced.
3. UVCL pr's a LOI with Pure Romance on 9/14/06
The last 10Q on 11/15/06 did say they expect to enter a def. merger agreement by the end of the month, but applying the same time frame of 5 to 7 months before the Daytona def. merger agreement was announced, a February or March announcement would not be unusual. I have no idea why they thought an agreement would be reached by the end of November (2 months after the LOI) but based on the length of time it took for the Daytona agreement, the process is obviously tedious and slow.
THe Daytona Merger never went through. I believe there was an LOI for another merger prior to that and it didn't go through either.
I will wait for an update before throwing any money at this one.
Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
also, heard through the grapevine that daytona's financials were not that good, prolly reason to back out of it, anyway, just more rumor to the uvcl saga.
Posts: 572 | From: usa | Registered: Aug 2006
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quote:Originally posted by j160e: Nothing new here that probably hasn't been covered already but just going over a few things while waiting since there were high expectations for something by the end of January.
1. On 5/18/06 a def. merger agreement with Daytona Brands is announced.
2. The 10Q of 5/19/06 states: During the last quarter of 2005 we entered into a letter of intent with Daytona Brands to acquire that corporation in a reverse merger.
I'm not sure when the pr for the LOI was released but being sometime in 2005 Q4, it took 5 to 7 months before the merger agreement was announced.
3. UVCL pr's a LOI with Pure Romance on 9/14/06
The last 10Q on 11/15/06 did say they expect to enter a def. merger agreement by the end of the month, but applying the same time frame of 5 to 7 months before the Daytona def. merger agreement was announced, a February or March announcement would not be unusual. I have no idea why they thought an agreement would be reached by the end of November (2 months after the LOI) but based on the length of time it took for the Daytona agreement, the process is obviously tedious and slow.
THe Daytona Merger never went through. I believe there was an LOI for another merger prior to that and it didn't go through either.
I will wait for an update before throwing any money at this one.
Wally
No it did not in the end, but a defintive merger agreement was signed and announced and it took 5 months after the LOI.
Just looking at the timeframe between those two dates to compare to the Pure Romance LOI since we haven't seen that def. merger agreement announced yet.
Posts: 215 | From: MA | Registered: Dec 2003
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posted
As I said. I wish you all the best but personally won't be jumping in until something more definitive has happened. Not saying it won't but I don't like the lack of communication. I mean even an update stating that they are still working on it would be helpful.
Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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